Any advice re electrical spayers for wood stain and Acrylic or PU finish.

Hello
Can some one please advise me on wood finishing as other than spaying
alloy wheels with acrylic car type spray cans i have no other spaying
experience, and none finishing wood beyond sanding to 1200 wet or dry
paper.
I want to spray some stain and then top coat with Acrylic, only cos
i've heard its an easy finish the worst than can happen with care is
orange peel which can be flattened with fine wet or dry then polished
up (which i have not doen any of either) to a fine deep mirror finish?
Is This true or will i be unable to get an excellent finish on my
veneer mdf boards with acrylic, and or these tools and methods.
So to start i need to buy some equipment, i have seen, a wood
polishing kit on ebay item no 591255235:
http://cgi.ebay.co.uk/ws/eBayISAPI.dll?ViewItem&categoryW216&itemY12552358&rd=1&ssPageName=WDVW
Any comments, advise, experiences or alternatives on much appreciated.
And i have seen a range or electric sprayers like the earlex models
and some other all are cheap on ebay. And around £25 in argos but i
guess they are all no good cos in argos they state garden fencing and
decking as uses and not furniture. So do i really need to fork out £60
for the earlex 3000 in argos whose description does state furniture.
or is there another cheap better value entry option.
Again comments, advise, experiences or alternatives on much
appreciated.
Kindest regarde and thanks in advance.
Ps please mail post to this forum as i dont use this email add.

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